Moran Wealth Management LLC Trims Stock Holdings in Ingersoll Rand Inc. (NYSE:IR)

Moran Wealth Management LLC reduced its position in shares of Ingersoll Rand Inc. (NYSE:IR - Free Report) by 2.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 187,264 shares of the industrial products company's stock after selling 4,238 shares during the period. Moran Wealth Management LLC's holdings in Ingersoll Rand were worth $16,940,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of IR. Ashton Thomas Securities LLC purchased a new stake in shares of Ingersoll Rand in the 3rd quarter worth about $34,000. OFI Invest Asset Management bought a new position in Ingersoll Rand in the fourth quarter worth about $38,000. UMB Bank n.a. boosted its position in Ingersoll Rand by 27.0% during the 4th quarter. UMB Bank n.a. now owns 598 shares of the industrial products company's stock valued at $54,000 after acquiring an additional 127 shares in the last quarter. Versant Capital Management Inc boosted its position in Ingersoll Rand by 654.4% during the 4th quarter. Versant Capital Management Inc now owns 679 shares of the industrial products company's stock valued at $61,000 after acquiring an additional 589 shares in the last quarter. Finally, Venturi Wealth Management LLC purchased a new position in shares of Ingersoll Rand during the 4th quarter worth approximately $99,000. 95.27% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on IR. Stifel Nicolaus dropped their price target on Ingersoll Rand from $100.00 to $94.00 and set a "hold" rating on the stock in a research report on Tuesday, February 18th. UBS Group assumed coverage on shares of Ingersoll Rand in a report on Wednesday, November 13th. They set a "buy" rating and a $124.00 target price on the stock. Citigroup decreased their price target on shares of Ingersoll Rand from $119.00 to $115.00 and set a "buy" rating for the company in a research note on Monday, January 13th. Robert W. Baird lifted their price target on shares of Ingersoll Rand from $105.00 to $111.00 and gave the company an "outperform" rating in a research report on Tuesday, February 18th. Finally, The Goldman Sachs Group upped their price objective on shares of Ingersoll Rand from $109.00 to $121.00 and gave the stock a "buy" rating in a report on Thursday, December 12th. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $105.36.

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Ingersoll Rand Stock Down 1.9 %

IR traded down $1.54 during trading on Thursday, hitting $79.95. 2,180,503 shares of the company's stock traded hands, compared to its average volume of 2,380,878. Ingersoll Rand Inc. has a 12-month low of $79.82 and a 12-month high of $106.03. The company's 50 day simple moving average is $88.71 and its two-hundred day simple moving average is $94.34. The company has a current ratio of 2.29, a quick ratio of 1.71 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $32.23 billion, a price-to-earnings ratio of 38.81, a PEG ratio of 3.50 and a beta of 1.48.

Ingersoll Rand (NYSE:IR - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The industrial products company reported $0.81 EPS for the quarter, missing the consensus estimate of $0.85 by ($0.04). The business had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.91 billion. Ingersoll Rand had a return on equity of 12.78% and a net margin of 11.59%. Analysts predict that Ingersoll Rand Inc. will post 3.32 earnings per share for the current fiscal year.

Ingersoll Rand Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Wednesday, March 5th will be given a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 0.10%. The ex-dividend date is Wednesday, March 5th. Ingersoll Rand's dividend payout ratio (DPR) is presently 3.88%.

Ingersoll Rand Profile

Ingersoll Rand Inc provides various mission-critical air, gas, liquid, and solid flow creation technologies services and solutions worldwide. It operates through two segments, Industrial Technologies and Services, and Precision and Science Technologies. The Industrial Technologies and Services segment designs, manufactures, markets, and services air and gas compression, vacuum, and blower products; fluid transfer equipment and loading systems; and power tools and lifting equipment, including associated aftermarket parts, consumables, air treatment equipment, controls, other accessories, and services under the under the Ingersoll Rand, Gardner Denver, Nash, CompAir, Elmo Rietschle brands, etc.